Steven Peterson covers a lot of ground in this book, from Markowitz's Mean-Variance to Ito's Lemma. Peterson's treatment provides an excellent background in the essentials of modern investment theory as applicable to actual portfolio management. Besides its obvious usefulness as a textbook, this book would also serve as an excellent reference for those working in the professional money management arena today, especially in the endowment and pension fund worlds."—Edwin Burton, Professor of Economics, University of Virginia

"Peterson convincingly combines his brilliance as a teacher and mentor with his extensive practical knowledge to create this marvelous book for the serious investment professional. Read it and you will truly understand investment management and why it is first and foremost about risk management."—Rodney N. Sullivan, CFA, Editor, Financial Analysts Journal